Wholesale inventories up 0.3 vs. 0.2% estimated

Breakdown

• Wholesale sales for June rose 0.3%, stronger than expected. 5s
• This is the largest monthly increase in wholesale sales since March. 10s
• Final June wholesale inventory growth was revised down to 0.1%. 37s
• 10-year Treasury yields remained steady around 4.22%. 1m 1s
• Large Treasury auctions were scheduled, including $25 billion in 30-year bonds and $100 billion in four-week bills. 1m 13s